Cisco Systems Inc. reported the following in its income statement for the year ended July 27, 2013: Net income $9,983 million, basic earnings per share of $1.87 and diluted earnings per share of $1.86. How many additional dilutive shares did Cisco include in the diluted EPS for the year?

Cisco Systems Inc. reported the following in its income statement for the year ended July 27, 2013: Net income $9,983 million, basic earnings per share of $1.87 and diluted earnings per share of $1.86. How many additional dilutive shares did Cisco include in the diluted EPS for the year?

Financial Accounting Intro Concepts Meth/Uses

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ISBN:9781285595047

Author:Weil

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Chapter17: Synthesis And Extensions

Section: Chapter Questions

Problem 3E

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Concept explainers

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.

Question

Cisco Systems Inc. reported the following in its income statement for the year ended July 27, 2013:
Net income $9,983 million, basic earnings per share of $1.87 and diluted earnings per share of
$1.86. How many additional dilutive shares did Cisco include in the diluted EPS for the year?

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